India's Finolex Industries signs ethylene purchase contract with QAPCO

10-Apr-07
Qatar Petrochemical Co. (QAPCO) has signed a sale contract with India's Finolex Industries to sell ethylene and other Qatar Vinyl Company's (QVC) chemical products, scheduled to start from 1st Jan. 08 until 31st Dec. 09. The contract was signed earlier this week, for purchase by Finolex of 22,500 metric tpa of Ethylene from QAPCO, as well as 40,000-60,000 metric tpa of Ethylene Di-Chloride (EDC) and Vinyl Chloride Monomer (VCM) from QVC, as feedstock for its PVC plant. This is Finolex's second contract with QAPCO. Finolex had signed the first Ethylene contract with QAPCO in 1994. The Finolex Group is one of India's leading industrial companies interested in diverse areas such as chemical, petrochemicals, electrical products and telecommunications.
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